Norwegian Retail Sales y/y is a monthly indicator that measures a percentage change in the country's retail sales of goods and services during the given month compared to the same month of the previous year. It reflects a change in actual value including VAT.
To calculate the indicator, Statistics Norway conducts a monthly survey of about 16,000 retailers registered as VAT payers. The sample additionally includes a sub-sample of chain stores, data on which is submitted by their central offices. Companies are stratified according to the number of employees.
The index reflects the dynamic of retail sales as reported by companies selling new and used goods (excluding sales of motor vehicles) to private households. Statistics cover sales executed from fixed or moveable sales outlet, a market place or sales via the Internet. Sales of various goods are included in the index, such as food, beverages, clothing, footwear, electrical appliances, furniture, construction equipment and others.
The indicator of monthly retail sales participates in the calculation of GDP and its components, which are used for monitoring the state of economy and developing the monetary policy. Also, the received data enable the analysis of comparative effectiveness of the retail industry. In addition, Norwegian retail sales indicator serves as the main data source for the calculation of the Household consumption index.
Retail Sales growth indicates an increase in consumer activity and can have a positive impact on the Norwegian krone quotes.
The chart of the entire available history of the "Norway Retail Sales y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.